Question: Identify the accurate statement about the markdown approaches undertaken by retailers. Retailers use promotional markdowns to increase the sale of complementary products. Keystoning is a

Identify the accurate statement about the markdown approaches undertaken by retailers.
Retailers use promotional markdowns to increase the sale of complementary products.
Keystoning is a markdown approach used by retailers that sets the cost of a product as its retail price.
Price-inelastic customers typically wait to buy merchandise at the end of the season when retailers introduce markdowns.
Clearance markdowns cannot be used to attract different market segments based on their degree of price sensitivity.
Identify the accurate statement about the markdown approaches undertaken by retailers.

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